New Pacific Metals Corp. reports developments for a Canadian exploration and development company focused on precious metals projects in Bolivia. Its recurring updates center on the Silver Sand silver project in Potosí and the Carangas silver-gold project in Oruro, including permitting activity, community agreements, project work plans, mineral-property spending and Bolivian mining context.
The company also reports interim financial results, bought deal financing activity, annual shareholder meeting results, board and executive appointments, and other governance matters. Its common shares trade on the TSX under NUAG and on the NYSE American under NEWP.
New Pacific Metals Corp. (NYSE American: NEWP) announced drilling results from the Carangas Silver Project in Bolivia, revealing substantial silver-rich mineralization. Highlights include 228.3 m at 73 g/t AgEq and 182.5 m at 89 g/t AgEq, starting from the surface. The Phase I drill program has successfully intercepted broad zones of polymetallic mineralization, prompting the initiation of a Phase II drill program aimed at defining the mineralized system further. Assays from additional drill holes are pending, and current results show significant mineralization remains open in all directions.
New Pacific Metals Corp. (NYSE American: NEWP) has announced an expanded discovery drill program at its Carangas Silver Project in Bolivia. The company has mobilized two additional drill rigs, bringing the total to three, to complete approximately 7,500 meters of diamond drilling by year-end 2021. The initial Phase I program successfully identified broad zones of silver-rich mineralization, resulting in the new Phase II program designed to further delineate this mineralized area. The expanding core processing facilities and technical team support this initiative.
New Pacific Metals Corp. (NEWP) reported promising results from its metallurgical test program at the Silver Sand deposit in Bolivia. The heap leach method achieved an 80% recovery rate for silver, indicating lower capital and operational costs compared to alternatives. The resource includes 35.39 million tonnes of Measured and Indicated resources at 137 g/t silver, amounting to 155.85 million ounces. Future work will focus on refining recovery processes, with a Preliminary Economic Assessment expected in the first half of 2022.
New Pacific Metals Corp. (TSX: NUAG, NYSE American: NEWP) announced the filing of its fiscal 2021 annual report on Form 40-F with the U.S. SEC. This report includes the company’s annual audited financial statements, management’s discussion and analysis, and annual information form. Investors can access the report on New Pacific’s website and the SEC's site. The company is focused on developing its precious metal projects in Bolivia, including the Silver Sand Project, while growing its mineral resources through exploration and acquisitions.
New Pacific Metals Corp. (NYSE American: NEWP) has received an Administrative Mining Contract (AMC) for its Silver Sand Project in Bolivia from the Jurisdictional Mining Administrative Authority (AJAM). The AMC grants clear title to mineral rights covering 3.17 km², with a total controlled area of 5.42 km² after consolidation. Necessary registration and notarization processes have been completed, with the AMC signed in 2020, registered on June 17, 2021, and published on July 15, 2021. CEO Mark Cruise expressed satisfaction with this development, which supports the company's ongoing 2021 drill program.
New Pacific Metals Corp. (NYSE-A: NEWP) has launched a 38,000 metre diamond drill program at its Silver Sand Project in Bolivia. This program aims to expand existing mineral resources and explore new feeder zones, with approximately 80% of drilling focused on resource expansion. The program includes 5,000 m dedicated to feeder zone testing and 8,000 m for geotechnical studies. Progress includes two active drill rigs, with plans to increase to four by August 2021. Environmental and socio-economic studies are also underway.
New Pacific Metals Corp. (NEWP) has filed a final short form base shelf prospectus and a corresponding U.S. registration statement to raise up to US$200 million through the issuance of various securities over the next 25 months. This move aims to provide the Company with financing flexibility for future projects. The filings comply with Canadian and U.S. securities regulations and enable offerings of common shares, preferred shares, debt securities, and more, depending on market conditions. Investors can access the documents through regulatory platforms.
New Pacific Metals Corp. (NYSE-A: NEWP) has begun an initial discovery drill program at the Carangas Silver Project in Bolivia. The Phase I program includes approximately 20 drill holes over a planned 3,000 metres, with potential expansion to a 5,000-metre program based on initial results. The company holds a 98% economic interest in the project through a joint venture with a Bolivian partner. Drilling operations are conducted by a local contractor, with samples analyzed at ALS Global laboratories. CEO Mark Cruise expressed optimism about the project's silver-rich potential.
New Pacific Metals Corp. announced that its Bolivian joint venture partner has secured exploration licenses and environmental permits for the Carangas Silver Project in Bolivia. The company plans to commence a 5,000-meter drilling program in identified target areas, focusing on both bulk tonnage and high-grade silver deposits. Dr. Mark Cruise, CEO, expressed confidence in the project, stating they are well-funded for ongoing exploration and development, contributing to shareholder value.